The Zhitong Finance App learned that GigaYi Innovation (03986) rose nearly 4% in the afternoon. As of press release, it rose by 3.96% to HK$315, with a turnover of HK$656 million.

According to the news, according to Blue Whale News, a number of storage industry sources recently revealed that some leading companies have verbally informed channel providers of their intention to increase the price of enterprise-grade granules. The price increase letter has not yet been officially issued, but the price on the channel side has already moved first. A number of agents confirmed the above price increase signals. According to the report, a Samsung agent said that this round of price increases are not general increases for all categories: the price increases are mainly concentrated on the DRAM contract side and the enterprise-grade SSD original/channel side; it is not an overall follow-up of consumer-grade NAND.

Huaxing Securities believes that the sharp rise in the volume and price of memory chips is the core driving force behind the growth of GigaYi's innovation performance. Prices of the company's DRAM products are expected to continue to rise in the second half of the year. Considering the limited release of domestic incremental production capacity in 2027, we believe that the current tight DRAM supply situation will not ease significantly.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.